Altova has come out with MissionKit. This is a set of tools for XML, UML, and databases. In case you did not know, UML is the Unified Modeling Language.

I know Altova for their superior XMLSpy application for XML development. In fact, XMLSpy is a part of MissionKit. I am excited because they are purchasing some XMLSpy licenses on my project.

Altova added XBRL support to their tool kit. XBRL stands for the Extensible Business Reporting Language. It has tags for accounting purposes. This helps businesses exchange financial information. If their toolkit and XBRL support are anything like XMLSpy, I predict good things from it.